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Tag: Cryptocurrencies

Cryptocurrency wunderkind sentenced to 25 years in prison

Cryptocurrency wunderkind sentenced to 25 years in prison Cryptocurrency wunderkind sentenced to 25 years in prison

He co-founder of FTX and the child prodigy of the world of cryptocurrenciesSam Bankman-Fried was sentenced this Thursday to 25 years in federal prison and to repay more than $11 billion for his conviction on charges related to fraud and money laundering. Bankman-Fried, 32, faced a maximum sentence of more than 100 years for the […]

El Salvador will continue buying a bitcoin daily, says Bukele

El Salvador will continue buying a bitcoin daily, says Bukele El Salvador will continue buying a bitcoin daily, says Bukele

The president of The Savior, Nayib Bukeleassured this Friday that the country will continue with the “program” purchasing a bitcoin daily, which will be stored in the “cold wallet” announced the day before. “The 1 bitcoin a day program just deposited today’s bitcoin (Friday, in the cold wallet)”the president said in English in his X […]

Bitcoin exceeds US$57,100, its highest level since December 2021

Bitcoin exceeds US$57,100, its highest level since December 2021 Bitcoin exceeds US$57,100, its highest level since December 2021

He bitcointhe most used cryptocurrency, surpassed US$57,100 this Tuesday, its highest level since the end of December 2021, during a day of oscillations. After the closing of Wall Street, at 5:00 p.m. local time in New York (22:00 GMT), bitcoin lost the level of US$ 57,000 that it reached last morning and was below US$ […]

El Salvador: remittances with cryptocurrency wallets fall 19.1%

El Salvador: remittances with cryptocurrency wallets fall 19.1% El Salvador: remittances with cryptocurrency wallets fall 19.1%

Family remittances received through wallets cryptocurrencies in The Savior They had a drop of 19.1% last January compared to the same month in 2023, according to data from the Central Reserve Bank released this Wednesday. Figures from the state financial entity indicate that remittances received in January 2024 reached US$ 6.77 million, compared to 8.37 […]

The “gringo” waiting for Bukele’s “Bitcoin City” on a beach in El Salvador

The “gringo” waiting for Bukele’s “Bitcoin City” on a beach in El Salvador The “gringo” waiting for Bukele’s “Bitcoin City” on a beach in El Salvador

When President Nayib Bukele announced the construction of “Bitcoin City”the first metropolis “bitcoiner” of the world, Corbin Keegan left his life in Chicago and decided to go to The Savior. Two and a half years later, he is still waiting for the project to become a reality. Sitting in a hammock, drinking coffee, Keegan talks […]

Javier Milei: Argentina will allow companies to pay their employees with cryptocurrencies, milk or meat

Javier Milei: Argentina will allow companies to pay their employees with cryptocurrencies, milk or meat Javier Milei: Argentina will allow companies to pay their employees with cryptocurrencies, milk or meat

The economic deregulation measures announced last Wednesday by the president of Argentina, Javier Mileiwill allow contracts in the South American country to be agreed in any designated currency, from the cryptocurrencies to kilos of steer (veal) or liters of milk, said the Minister of Foreign Affairs, Diana Mondino. “We ratify and confirm that in Argentina […]

Judge temporarily bans Binance founder from leaving the United States

Judge temporarily bans Binance founder from leaving the United States Judge temporarily bans Binance founder from leaving the United States

A judge this Monday banned the founder of Binance, Changpeng Zhaotemporarily leave the United States and travel to his home in the United Arab Emirates, after he pleaded guilty to the crime of money laundering last week and resigned from his position in the company. The guilty plea came last Tuesday as a result of […]

US heavy hand against crypto sector continues to knock down heavyweights

US heavy hand against crypto sector continues to knock down heavyweights US heavy hand against crypto sector continues to knock down heavyweights

The heavy hand that the United States authorities have been applying for months against the cryptocurrency sector last Tuesday brought down one more of its heavyweights, the head of the largest global exchange platform, Binance, Changpeng Zhao. Zhao, known as “CZ,” resigned that day as part of an agreement to resolve accusations of money laundering […]

US reaches agreement with Binance for unauthorized operations

US reaches agreement with Binance for unauthorized operations US reaches agreement with Binance for unauthorized operations

The US government reached an agreement valued at more than US$4 billion with Binanceexchange platform cryptocurrencies largest in the world, said a person familiar with the agreement. The deal with Binance was confirmed on condition of anonymity prior to an announcement. The value of the deal was first reported by Bloomberg. It comes months after […]

Technology is moving faster than regulation in crypto, according to BPI’s Carstens

Technology is moving faster than regulation in crypto, according to BPI’s Carstens Technology is moving faster than regulation in crypto, according to BPI’s Carstens

The general director of Bank for International Settlements (BIS)the Mexican Agustín Carstens, recognizes that the development of cryptocurrencies has anticipated the regulatory capacity of the financial system and emphasizes restricting them to protect the consumer and preserve financial stability. “It must be recognized that this innovation has not waited for the regulatory and supervisory framework. […]